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Note 7 - Earnings Per Share
 6 Months Ended
Aug. 30, 2020
Notes to Financial Statements  
Earnings Per Share [Text Block]
7
.
EARNINGS PER SHARE
 
Basic earnings per share are computed by dividing net earnings by the weighted average number of shares of common stock outstanding during the period. Diluted earnings per share are computed by dividing net earnings by the sum of (a) the weighted average number of shares of common stock outstanding during the period and (b) the potentially dilutive securities outstanding during the period. Stock options are the only potentially dilutive securities; and the number of dilutive options is computed using the treasury stock method.
 
The following table sets forth the calculation of basic and diluted earnings per share:
 
   
13 Weeks Ended
    
26 Weeks Ended
  
   
August 30,
2020
    
September 1,
2019
    
August 30,
2020
    
September 1,
2019
  
                                 
Net earnings - continuing operations
  
$
1,151
    
$
2,052
    
$
3,123
    
$
4,766
  
Net (loss) earnings - discontinued operations
  
 
(197
)
  
 
83
    
 
(212
)
  
 
(44
)
Net earnings
  
$
954
    
$
2,135
    
$
2,911
    
$
4,722
  
                                 
Weighted average common shares outstanding for basic EPS
    
20,381
      
20,499
      
20,392
      
20,495
  
Net effect of dilutive options
    
52
      
102
      
55
      
98
  
Weighted average shares outstanding for diluted EPS
  
 
20,433
    
 
20,601
    
 
20,447
    
 
20,593
  
                                 
Basic earnings per share - continuing operations
   $
0.06
     $
0.10
     $
0.15
     $
0.23
  
Basic (loss) earnings per share - discontinued operations
    
(0.01
 )    
0.00
      
(0.01
 )    
(0.00
 )
Basic earnings per share
  
$
0.05
    
$
0.10
    
$
0.14
    
$
0.23
  
                                 
Diluted earnings per share - continuing operations
   $
0.06
     $
0.10
     $
0.15
     $
0.23
  
Diluted (loss) earnings per share - discontinued operations
    
(0.01
 )    
0.00
      
(0.01
 )    
(0.00
 )
Diluted earnings per share
  
$
0.05
    
$
0.10
    
$
0.14
    
$
0.23
  
 
Potentially dilutive securities, which were
not
included in the computation of diluted earnings per share because either the effect would have been anti-dilutive or the options' exercise prices were greater than the average market price of the common stock, were
474,000
and
77,000
for the
13
weeks ended
August 30, 2020
and
September 1, 2019,
respectively, and
450,000
and
134,000,
respectively, for the
26
weeks ended
August 30, 2020
and
September 1, 2019,
respectively.